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Japan finmin Aso says economy's recovery trend remains intact

Yahoo - DRC - 1 September, 2014 - 21:05
TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Tuesday that the economy remains in a recovery trend, following a slew of economic indicators that cast some doubt about the strength of a rebound from April's sales tax hike. Aso also told reporters that the government must continue to stick to its aim of achieving fiscal consolidation after a cabinet reshuffle expected on Wednesday. (Reporting by Tetsushi Kajimoto; Editing by Chris Gallagher)
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Australia government spending dips 0.6 percent in second quarter

Yahoo - DRC - 1 September, 2014 - 20:49

Australian government consumption and investment spending fell 0.6 percent in the second quarter to an inflation-adjusted A$85.83 billion (47.82 billion pounds), the Australian Bureau of Statistics reported on Tuesday. Government spending for consumption rose 0.3 percent in the second quarter to A$68.59 billion in real terms.


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Japanese regular pay and bonuses rise in July, offer relief for PM Abe

Yahoo - DRC - 1 September, 2014 - 20:37

TOKYO (Reuters) - Japanese summer bonuses rose in July and regular pay grew for the second straight month, government data showed, suggesting some firms are gradually raising wages. Real wages, which are adjusted to reflect changes in consumer prices, slipped in July for the 13th straight month, but the pace of decline slowed from the previous month. Wage earners' special payments, which are predominantly summer bonuses, grew an annual 7.1 percent in July after a revised 2.0 percent gain in June, data from the labour ministry showed. Japanese firms pay summer bonuses between June and August. ...


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Hull City sign loan deal with France midfielder Ben Arfa

Yahoo - DRC - 1 September, 2014 - 20:23

LONDON (Reuters) - Hull City signed France midfielder Hatem Ben Arfa on a season-long loan deal from Premier League rivals Newcastle United as the transfer window closed on Monday. The 27-year-old had been exiled to the reserves at Newcastle after being criticised for a lack of professionalism by coach Alan Pardew. "Hatem is a superb addition to the squad, and brings a lot of attacking flare," Hull manager Steve Bruce said on the club's website (hullcitytigers.com). "We look forward to welcoming him to the Club. ...


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Manchester United confirm Falcao one-year loan

Yahoo - DRC - 1 September, 2014 - 20:16

Manchester United confirmed they had signed Colombian striker Radamel Falcao on a one-year loan deal from Monaco after the transfer window closed on Monday. "#mufc is delighted to announce Radamel Falcao has joined on a 1-year loan from Monaco with an option to buy," the Premier League team said on its Twitter feed. Falcao was in Manchester for a medical examination ahead of the proposed season-long loan from Monaco, a move revealed to Reuters on Monday by a source close to the deal. The 28-year-old scored 11 goals in 20 appearances for Monaco after joining from Atletico Madrid for a fee of around 50 million euros last year.


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Arsenal sign Welbeck to long-term deal

Yahoo - DRC - 1 September, 2014 - 19:35

Arsenal confirmed they had signed England forward Danny Welbeck to a long-term deal from Premier League rivals Manchester United as the transfer window closed on Monday. The 23-year-old Welbeck, who can play as a centre forward or winger, scored 20 goals in 90 appearances for United and has won 26 caps for England since making his debut in 2011. "Everyone at Arsenal welcomes Danny to the club and looks forward to his contribution in an Arsenal shirt this season," the team said on its website (www.arsenal.com).


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Guantanamo detainee transfer to Uruguay unlikely before vote - official

Yahoo - DRC - 1 September, 2014 - 18:48
President José Mujica earlier this year accepted a request to take half a dozen inmates from the center used to imprison people detained after the Sept. 11, 2001, attacks on the United States, but at least one poll showed the move to be unpopular among Uruguayans. "I don't believe the process will be completed in the next two or three months," Diego Canepa, vice secretary of the presidency, told Reuters. Guantanamo has been criticized by human rights groups, with some of its prisoners held for a decade or longer without being charged or given a trial. President George W. Bush in 2002 to hold terrorism suspects rounded up overseas, Guantanamo became a symbol of the excesses of his "war on terror." U.S.
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Actress Jennifer Lawrence contacts authorities after nude photos hacked

Yahoo - DRC - 1 September, 2014 - 18:44

Oscar-winning actress Jennifer Lawrence has contacted authorities to investigate who stole and posted nude images of her online, a spokeswoman said on Monday, part of a reported mass hacking of celebrities' intimate photos. Online pictures of the actress, 24, who won an Academy Award for "Silver Linings Playbook" and stars in "The Hunger Games" movie franchise, began appearing on Sunday. The authorities have been contacted and will prosecute anyone who posts the stolen photos of Jennifer Lawrence," spokeswoman Liz Mahoney said in an emailed statement. Model Kate Upton was among celebrities whose photos were posted online.


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Akzo Nobel CEO solicited for Axalta bid worth more than $7 billion - Bloomberg

Yahoo - DRC - 1 September, 2014 - 18:42
(Reuters) - Akzo Nobel NV Chief Executive Ton Buechner has been solicited for a deal to buy car paint coatings company Axalta Coating Systems [FLDTH.UL] for more than $7 billion (4.21 billion pounds), Bloomberg reported citing people familiar with the matter. Amsterdam-based Akzo Nobel and U.S. rival Sherwin-Williams Co are among the possible buyers, although Akzo hasn't indicated whether it will pursue Axalta, Bloomberg reported. (http://bloom.bg/1nQ7cYQ) Axalta, bought by The Carlyle Group LP from Du Pont Co in 2013 for $4. ...
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Alderweireld, Mane join Southampton in late moves

Yahoo - DRC - 1 September, 2014 - 18:37
Premier League Southampton snapped up Belgium defender Toby Alderweireld and Senegal winger Sadio Mane to bolster their squad on transfer deadline day on Monday. Alderweireld joined on a season-long loan deal from La Liga champions Atletico Madrid, while the 22-year-old Mane has signed a four-year contract following his transfer from Austrian champions Salzburg. "I am delighted we have been able to bring Toby to the club," Dutch coach Ronald Koeman told the Southampton website (www.saintsfc.co.uk).
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WRAPUP 1-Basketball-Spain, Greece advance as Senegal stun Croatia

Yahoo - DRC - 1 September, 2014 - 18:33
By Zoran Milosavljevic Sept 1 (Reuters) - Hosts Spain passed their first real test at the basketball World Cup with flying colours on Monday when they beat Brazil 82-63 to book a last 16 berth alongside a Greek team who brushed aside Puerto Rico 90-79. Both teams improved their records to 3-0 but Croatia's passage into the knockout stage of the competition was put on hold after a shock 77-75 defeat by Senegal, whose centre Gorgui Dieng shone with 27 points and eight rebounds. Having strolled to easy wins over Egypt and Iran, the Spaniards expected a tougher clash against an athletic Brazilian team but they pulled away after a blistering first quarter gave them a 30-14 lead in Granada. Hitting top gear on the road to an expected final against holders United States, who can seal their last-16 berth when they meet New Zealand on Tuesday, Spain excelled with a hugely entertaining high-tempo performance.
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Complaints against British banks fall 42 percent - ombudsman

Yahoo - DRC - 1 September, 2014 - 18:29

The number of complaints against British banks fell by nearly 42 percent in the first half of 2014, driven by a decline in the number of cases relating to the mis-selling of loan insurance, the Financial Ombudsman Service said on Tuesday. Complaints about payment protection insurance (PPI) fell to 134,000 from 266,000 in the same period last year but still accounted for seven out of ten cases. Chief Ombudsman Caroline Wayman, who was appointed in July, said that responsibility for sorting out the mass mis-selling of PPI remains a major part of the ombudsman's workload.


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Tuesday's National Newspaper Front Pages

Yahoo - DRC - 1 September, 2014 - 18:27


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American Kirk wins Deutsche Bank title

Yahoo - DRC - 1 September, 2014 - 18:21

American Chris Kirk broke clear of a tightly bunched leaderboard with two late birdies to clinch his third PGA Tour victory by two shots at the Deutsche Bank Championship on Monday. In a wild final-round shootout on the U.S.Labor Day, Kirk fired a flawless five-under-par 66 at the TPC Boston to win the second of four lucrative FedExCup playoff events on the U.S. The 29-year-old birdied the 13th and 16th to pull two strokes clear and narrowly missed another birdie attempt, from nine feet at the last, to post a 15-under total of 269. Kirk not only claimed his second PGA Tour title of the season but he took over at the top of the FedExCup standings and advanced his claims for a late Ryder Cup call-up by U.S.


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Poor response to Ebola causing needless deaths – World Bank head

Yahoo - DRC - 1 September, 2014 - 18:19

By Daniel Flynn and Tim Cocks DAKAR/LAGOS (Reuters) - The world's "disastrously inadequate response" to West Africa's Ebola outbreak means many people are dying needlessly, the head of the World Bank said on Monday, as Nigeria confirmed another case of the virus. In a newspaper editorial, World Bank President Jim Yong Kim said Western healthcare facilities would easily be able to contain the disease, and urged wealthy nations to share the knowledge and resources to help African countries tackle it. "Many are dying needlessly," read the editorial, co-written by Harvard University professor Paul Farmer, with whom Kim founded Partners In Health, a charity that works for better healthcare in poorer countries. In a vivid sign of the danger posed by inadequate health provision, a man escaped from an Ebola quarantine centre in Monrovia on Monday and sent people fleeing in fear as he walked through a market in search of food, a Reuters witness said.


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Manchester United top deadline-day big spenders

Yahoo - DRC - 1 September, 2014 - 18:18

By Tony Goodson LONDON (Reuters) - Manchester United dominated Europe's transfer activity as the transfer deadline window slammed shut on Monday, manager Louis van Gaal taking his summer spending spree to more than 150 pounds million. The former Netherlands coach, without a Premier League win this season and hammered 4-0 by third tier MK Dons in a League Cup match last week, signed versatile Ajax midfielder Daley Blind for 14 million pounds. They also agreed a 6 million pounds season-long loan deal with Monaco for Colombian striker Radamel Falcao. "It is a real honour to sign for Manchester United," Blind was quoted as saying on the United website (www.manutd.com), which confirmed the fee and said the 24-year-old had signed a four-year deal.


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West Ham buy France midfielder Amalfitano from Marseille

Yahoo - DRC - 1 September, 2014 - 18:08
LONDON (Reuters) - West Ham United bought French international Morgan Amalfitano from Olympique de Marseille for an undisclosed transfer fee on Monday. The 29-year-old utility player spent last season on loan with Premier League rivals West Bromwich Albion, scoring four goals in 31 appearances. "I enjoyed my first year in English football and for that reason I have come back," Amalfitano told the club website (www.whufc.com). "The first year was good for my experience and I will try to help West Ham now by giving my best and continue to improve in this league. ...
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Valencia agree to take Negredo on loan from Man City

Yahoo - DRC - 1 September, 2014 - 18:06

Valencia have sealed a deal to take Spain forward Alvaro Negredo on loan from Manchester City. "Valencia have reached an agreement with Manchester City for the loan, with an obligatory option to buy, of the Spanish international forward Alvaro Negredo," the club said on their website (www.valenciacf.com) on Monday. The Spanish top-flight outfit, who are in the process of being taken over by Singapore billionaire Peter Lim, did not say how long the loan deal was for. Negredo, 29, joined City from Sevilla in July 2013 but after an impressive start his form tailed off and he missed out on a place in Spain's squad for the 2014 World Cup.


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A Blow for BoJo: 'Boris Island' to be Rejected by by the Airports Commission

Yahoo - DRC - 1 September, 2014 - 17:55

A proposed scheme to construct a brand new airport on an island in the Thames Estuary looks set to be rejected, which is bad news for Boris Johnson - who backed the proposals - and possibly for people living in Heathrow's flightpath. The "Thames Hub" project was mooted as one solution to the problem of what to do about creating more airport capacity to the UK, with Heathrow at bursting point and other airports in the region not having the infrastructure in place to enable their expansion. "A new hub airport, properly planned, has the potential to reshape the economic geography of London and the whole of the South East for decades to come," Johnson had enthused of the Thames Hub. The ambitious project would have seen the building of a brand-new four-runway airport on the Isle of Grain, plus rail and road links.


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Amid foreign crises, Obama takes solace in U.S. economic turnaround

Yahoo - DRC - 1 September, 2014 - 17:27

By Steve Holland MILWAUKEE (Reuters) - Throughout much of his presidency, Barack Obama has been under siege about the state of the U.S. With his handling of foreign policy under fire in confronting challenges from Ukraine to the Middle East, Obama made a Labour Day trek to Milwaukee's annual Laborfest event to underscore how he feels his leadership on the economy has paid off.


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